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"Driverless car technologies and ride-sharing services are advancing so quickly that in the future more and more people will choose convenient ride-sharing services instead of buying cars and paying for the maintenance. And it will eventually affect the whole market. "

"Demand and supply in the manufacturing and services sectors recovered simultaneously in June. As the COVID-19 pandemic dealt a bigger blow to services, the sector has staged an even stronger recovery than manufacturing," said Wang Zhe, a senior economist at Caixin Insight Group.

"E-commerce platforms are seeking to unleash the consumption potential from fourth-tier cities and below this year, as the growth of online shopping in first－and second-tier cities is slowing down," said Cao Lei, director of China E-Commerce Research Center.

"Earnings picked up as macro policies to stabilize growth and corporations' efforts to counter impacts of trade tensions took effect," said Liu Chunsheng, an associate professor at the Beijing-based Central University of Finance and Economics.

"Enterprises should be prepared to survive without subsidies and accept the reality that the industry is undergoing restructuring. It is also important to eliminate outdated technology. Therefore, the main focus for companies should be to lower costs and improve technology.